I covered a bunch of stuff a little while ago. I may have pulled the trigger too early, but I was really hoping for much more hawkish inflation commentary than what I got. I thought Ben would send the message that inflation was his big concern. NOT!!!!!
It was a good two day run but I was really going for the brass ring today until Ben threw a wet towel on inflation. Gold was breaking to new lows and so was USO and DUG was moving nicely off the morning lows until psychology changed. I caught RIG short for a couple of points, but all the good action was early. Still made money, just not bags off it like I thought.
I always try to avoid playing in traffic when possible and thats why I covered.
PS= I reserve the right to get short all over again tomorrow